Fully explain the economic concepts being discussed in each question. Provide real-world examples when asked. Please fully explain your examples.

Public Choice economists identify sources of government failure and the costs associated with them. 5 sources of government failure are: rational ignorance of voters, special interest effect, rent seeking, bureaucratic inefficiency, and the short-sightedness effect.Identify a recent (within the past 5 years) real-world example of one of the five sources of government failure in action.

Explain what that source of government failure is and why it occurs.

Answer of 3 paragraphs maximum